NBFC Sector

The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10

The RBI has cautioned NBFCs on perpetual credit lines, citing risks of loan evergreening and financial instability, urging lenders to slow down issuance of such flexible credit products

NBFC share price: Nomura, however, is negative on CreditAccess Grameen and M&M Financial Services

The Reserve Bank of India on Friday said 20 non-banking financial companies, including Reliance Commercial Finance and IDFC Limited, have surrendered their certificate of registration (CoR). Of these, two non-banking financial companies (NBFCs) have surrendered their CoR as they have exited from the non-banking financial institution business. These NBFCs are Manoway Investments Private Limited and Reliance Commercial Finance Limited. IDFC Ltd, IDFC Financial Holding Company Ltd and other 16 entities surrendered the CoR as it ceased to be a legal entity due to amalgamation or merger. Besides, the RBI cancelled the CoR of 17 NBFCs, the central banks said in another statement. These NBFCs whose licences were cancelled had their registered office in West Bengal. In a separate statement, RBI said it has restored the licence of Kamdhenu Finance Company Pvt Ltd after considering the orders passed by the Appellate Authority/Courts.

In the past six trading days, Bajaj Finance share has soared 15 per cent. On January 30, 2025, the stock had surpassed its previous high of Rs 8,190 touched in October 2023

Retail credit growth also slowed to 16.3% due to a decline in personal loans, credit card outstanding, and vehicle loans

The corporate bond market remains a significant funding avenue for NBFCs, which are the largest issuers of bonds, with private placement being the preferred mode

The portfolio-at-risk 31-180 days-past-due has shown a deterioration across all entity types

Asset quality concerns, slowing of bank funding to temper pace

The rise in the Manba Finance counter came after the company announced that it has achieved the highest ever asset under management (AUM) of Rs 1,200 crore till date.

RBI data showed that, in absolute terms, banks lent Rs 1.5 trillion in H1FY25, up from Rs 1.05 trillion in the first half of the previous financial year (H1FY24)

"Our cost of deposits is one of the most reasonable in the industry, and our yield on advances is in the 10.08 percent range "

The shares of Ugro Capital rose ahead of the company's scheduled board meet on September 24 to consider fund raising.

Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.

Growth in personal loans; credit to NBFC down sharply

Navi Finserv on Tuesday said it has closed a USD 38 million (about Rs 315 crore) personal loans securitisation deal with J P Morgan. The transaction structured in the form of pass-through certificates (PTC) will be backed by a pool of unsecured personal loans, originated and serviced by Navi Finserv, the NBFC firm prompted by Sachin Bansal said in a statement. This is J P Morgan's first pass-through certificate transaction in the fintech space in India and the first unsecured personal loans backed PTC transaction in India, it said. Navi Finserv will use the funds to expand further and grow its digital personal loans business, it said, adding, digital lending is accelerating in India and constitutes a significant portion of the overall Indian fintech market. Market share is expected to rise to 60 per cent of the total fintech market by 2030, fueled by increasing smartphone penetration, internet usage, and the need for faster and convenient loan disbursals, it said. Navi Finserv's .

Stays above Rs 2 trillion mark for second consecutive month

PTC India Financial Services Ltd (PFS) on Thursday said that Rajib Kumar Mishra ceased to be the company's chairman following the order passed by markets regulator Sebi that restrained him from holding the director's post for six months. Mishra held office in PFS in the capacity of chairman, non-executive director. "Pursuant to ...regulatory order issued by Sebi, Rajib Kumar Mishra, ceases to be the chairman, non-executive director of the company with effect from the date of issue of the said order i.e. June 12, 2024," PFS said in a regulatory filing to the stock exchanges. PFS, promoted by PTC India Ltd, is a non-deposit taking NBFC classified as an infrastructure finance company. On Wednesday, the regulator has prohibited Mishra from "holding any position of director or key managerial personnel in any listed company or any intermediary registered with Sebi or associating himself with any listed public company or a public company which intends to raise money from the public or any

Moneyboxx Finance, an NBFC engaged in small business lending segment, has reported a profit of Rs 2.01 crore for the quarter ended December 2023. The company had incurred a loss of Rs 2.7 crore in December quarter last financial year. The company posted a profit after tax of Rs 5.02 crore in April-December 2023-24. It incurred a net loss of Rs 7.22 crore in the year-ago period. In December quarter FY24, total income was at Rs 33.52 crore. It was Rs 13.19 crore in the year-ago period. In a statement, the company said its assets under management more than doubled to Rs 530 crore as of December 31, 2023, driven by branch expansion, higher productivity, and growth in lending partnerships. "We have built a sustainable, scalable, and tech-driven business model with robust underwriting practices to cater to the promising and underserved small business loan market in rural and semi-urban areas," said Deepak Aggarwal, Co-CEO and CFO of Moneyboxx Finance. The company caters to micro ...

Net Interest Income reported 9 per cent growth to Rs 12,532 crore while other income was up 22% to Rs 5555 crore